Showing posts with label tech oligarchs. Show all posts
Showing posts with label tech oligarchs. Show all posts

Wednesday, February 4, 2026

The Murder of The Washington Post Today’s layoffs are the latest attempt to kill what makes the paper special.; The Atlantic, February 4, 2026

 Ashley Parker, The Atlantic ; The Murder of The Washington Post Today’s layoffs are the latest attempt to kill what makes the paper special.

"We’re witnessing a murder.

Jeff Bezos, the billionaire owner of The Washington Post, and Will Lewis, the publisher he appointed at the end of 2023, are embarking on the latest step of their plan to kill everything that makes the paper special. The Post has survived for nearly 150 years, evolving from a hometown family newspaper into an indispensable national institution, and a pillar of the democratic system. But if Bezos and Lewis continue down their present path, it may not survive much longer.

Over recent years, they’ve repeatedly cut the newsroom—killing its Sunday magazine, reducing the staff by several hundred, nearly halving the Metro desk—without acknowledging the poor business decisions that led to this moment or providing a clear vision for the future. This morning, executive editor Matt Murray and HR chief Wayne Connell told the newsroom staff in an early-morning virtual meeting that it was closing the Sports department and Books section, ending its signature podcast, and dramatically gutting the International and Metro departments, in addition to staggering cuts across all teams. Post leadership—which did not even have the courage to address their staff in person—then left everyone to wait for an email letting them know whether or not they had a job. (Lewis, who has already earned a reputation for showing up late to work when he showed up at all, did not join the Zoom.)

The Post may yet rise, but this will be their enduring legacy."

Thursday, January 16, 2025

Biden bids farewell with dark warning for America: the oligarchs are coming; The Guardian, January 15, 2025

  in Washington , The Guardian; Biden bids farewell with dark warning for America: the oligarchs are coming

"The primetime speech did not mention Donald Trump by name. Instead it will be remembered for its dark, ominous warning about something wider and deeper of which Trump is a symptom.

“Today, an oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy, our basic rights and freedom and a fair shot for everyone to get ahead,” Biden said.

The word “oligarchy” comes from the Greek words meaning rule (arche) by the few (oligos). Some have argued that the dominant political divide in America is no longer between left and right, but between democracy and oligarchy, as power becomes concentrated in the hands of a few. The wealthiest 1% of Americans now has more wealth than the bottom 90% combined.

The trend did not start with Trump but he is set to accelerate it. The self-styled working-class hero has picked the richest cabinet in history, including 13 billionaires, surrounding himself with the very elite he claims to oppose. Elon Musk, the world’s richest man, has become a key adviser. Tech titans Musk, Jeff Bezos and Mark Zuckerberg – collectively worth a trillion dollars – will be sitting at his inauguration on Monday.

Invoking former president Dwight Eisenhower’s farewell address in January 1961 that warned against the rise of a military-industrial complex, Biden said: “Six decades later, I’m equally concerned about the potential rise of a tech industrial complex. It could pose real dangers for our country as well. Americans are being buried under an avalanche of misinformation and disinformation, enabling the abuse of power.”

In an acknowledgement of news deserts and layoffs at venerable institutions such as the Washington Post, Biden added starkly: “The free press is crumbling. Editors are disappearing. Social media is giving up on fact checking. Truth is smothered by lies, told for power and for profit. We must hold the social platforms accountable, to protect our children, our families and our very democracy from the abuse of power.”

Zuckerberg’s recent decision to abandon factcheckers on Facebook, and Musk’s weaponisation of X in favour of far-right movements including Maga, was surely uppermost in Biden’s mind. Trust in the old media is breaking down as people turn to a fragmented new ecosystem. It has all happened with disorienting speed."